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506 NE 28TH AVENUE

Multi-family For Sale
$475,000

BTC: 5.50086856

ETH: 162.33766234

29 days
16 bds
2,100 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Discover an exceptional investment opportunity with this fully leased quadruplex, offering four clean and inviting 1-bedroom, 1-bath units. Each residence has been refreshed with light updates, giving the interiors a bright, tidy feel that tenants love— and investors appreciate. This property delivers immediate stability and long-term value with a strong annual net income of $50,400. Every unit is already rented, making this a true turnkey, income-producing asset from day one. The building sits on a well-maintained lot with solid construction and practical updates that help reduce ongoing maintenance and support consistent occupancy. Whether you're growing your portfolio or searching for your next reliable cash-flow generator, this asset checks the important boxes: condition, stability, and performance. Opportunities like this are rare — a refreshed quadruplex with proven income and zero vacancy. The work is done; the returns are already in motion.

Location

Florida • OCALA • 34470 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1979
Lot:
0.36 Acres
Heating:
None
Price/sqft:
$226
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • None

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 16

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.36 Acres

    Other Property Information

    • Parcel Number: 2780002022

    • Zoning: R3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,346

  • Source details

    • MLS ID: O6362268

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: None

    • Living Area: 2100

    • Water Source: Public

    • Lot Size Dimensions: 125 x 125

    • Subdivision Name: FRENCH ESTATE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SAFETYNET REALTY